Disregarding Risk, If Money Has Time Value, It Is Impossible

question 119

True/False

Disregarding risk, if money has time value, it is impossible for the future value of a given sum to exceed its present value.

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Definitions:

Macro Practice

Social work intervention and practice focused on larger groups, communities, societies, or systems rather than on individual clients or families.

Scientific Management Model

A management theory focusing on improving economic efficiency, especially labor productivity, through scientific methods.

Optimal Way

The most efficient or effective method to achieve a specific goal or outcome.

Hawthorne Effect

The phenomenon where individuals modify an aspect of their behavior in response to their awareness of being observed.